Rest of Power Intercompany Lead

GE Vernova

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profile Job Location:

Budapest - Hungary

profile Monthly Salary: Not Disclosed
Posted on: 14 hours ago
Vacancies: 1 Vacancy

Job Summary

Job Description Summary

Job Description

Looking to make a global impact and solve problems

Through relentless innovation and continuous collaboration with our customers GE Gas Power part of GE Vernova is providing more advanced cleaner and efficient power that people depend on today and building the energy technologies of the future.

What impact youll make:

As a member of the Power Operational Controllership team you will be an active contributor to the Rest of Power Intercompany team. The Rest of Power Intercompany Lead is responsible for managing and overseeing the intercompany governance functions within the organization. This role ensures the efficient and compliant handling of intercompany transactions optimization of intercompany processes and alignment with corporate governance standards. The Intercompany Governance Leader will work closely with the finance and treasury teams other departments and external partners to maintain financial integrity and support strategic decision-making.

What youll do

Intercompany Governance Framework:

  • Assist in developing implementing and maintaining the intercompany governance framework and policies.

  • Ensure alignment with corporate governance standards and regulatory requirements.

  • Identify process improvements and streamline intercompany operations.

  • Coordinate with MSP to eliminate all aged open Intercompany balances (including ACA Equity).

  • Ownership and clear understanding of Intracompany cash movements (composition and movements) on monthly and quarterly basis.

  • Understand all Intercompany related open balances and track long standing issues with clear ownership and timeline.

  • Participate in Account Reconciliation Quality review process.

  • Partner MSP resources to make sure timely and accurate Account reconciliation completeness within reconciliation cycles.

Transaction Management:

  • Oversee the accurate and timely processing of intercompany transactions (e.g. loans equity transfers service charges).

  • Ensure proper documentation and recording of intercompany transactions in compliance with accounting standards.

  • Manage intercompany reconciliation processes to ensure balances are accurately reflected.

Compliance and Audits:

  • Ensure compliance with local state and federal financial regulations related to intercompany transactions.

  • Coordinate internal and external audits providing necessary documentation and explanations.

  • Address audit findings and implement corrective actions.

Stakeholder Collaboration:

  • Collaborate with global finance teams legal tax and other stakeholders to ensure intercompany transactions are executed efficiently and compliantly.

  • Liaise with external partners (e.g. banks vendors) to resolve intercompany-related issues promptly.

Risk Management:

  • Assist in identifying and assessing risks associated with intercompany transactions.

  • Support the development and implementation of risk mitigation strategies.

  • Monitor intercompany exposures and provide regular reporting to senior management.

Team Support:

  • Support the supervision and mentoring dedicated resources at MSP.

  • Foster a collaborative and productive work environment.

Technology and Systems:

  • Assist in evaluating and recommending intercompany management software and tools to enhance efficiency.

  • Ensure the integrity and security of intercompany-related data within financial systems.

Reporting and Analysis:

  • Prepare and review intercompany transaction reports and analyses.

  • Provide insights and recommendations to support strategic planning and decision-making.

What youll bring (Basic Qualifications)

  • Bachelors degree in Finance Accounting or related field or equivalent knowledge or experience.

  • Significant experience in finance or treasury with a focus on intercompany transactions and governance.

  • Proven experience in managing intercompany transactions.

  • Rest of Power business understanding/experience is strong advantage.

  • Fluent English knowledge is essential.

What will make you stand out

  • Professional certification (e.g. CPA CFA) preferred.

  • Strong knowledge of intercompany governance principles and practices.

  • Excellent analytical problem-solving and decision-making skills.

  • Proficient in financial systems and intercompany management software (e.g. SAP Oracle).

  • Strong communication and interpersonal skills.

  • Ability to work collaboratively in a team environment.

Additional Notes:

  • Flexible to office hybrid or remote work location.

  • Successful applicant will be legally eligible to enter into an employment relationship under the laws of Hungary / Mexico.

Benefits Available to You

GEV employees rise to the challenge of building a world that works. In order to meet this mission we provide varied competitive benefits to help support our workforce.

  • Our compensation & benefits are designed to help you manage your personal and family needs while rewarding high performers. We offer a robust benefits package depending on your employment status and your national requirements.

  • A healthy balanced lifestyle can mean different things to different people. Weve created programs that support the way you live and work today.

  • GE invests to provide opportunities to grow your career by providing a path for continued on-the-job learning and development.

Inclusion & Diversity

At GEV we believe in the value of your unique identity background and experiences. We are committed to fostering an inclusive culture where everyone feels empowered to do their best work because they feel accepted respected and that they belong.

Job Description SummaryJob DescriptionLooking to make a global impact and solve problemsThrough relentless innovation and continuous collaboration with our customers GE Gas Power part of GE Vernova is providing more advanced cleaner and efficient power that people depend on today and building the en...
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